The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
Two weeks ago, I posted an article on the survey that reveals many Malaysians do not settle their debt in full every month, so, I guess I need to keep the momentum in posting articles that will create the awareness on the importance of financial management in the adult life. This is even more important to many Malaysians as the purchasing power in Malaysia is not so high compare to even our neighboring countries like Singapore, so, every penny counts and important. From the article, I found that there are a lot of the given examples are quite true and I can even find those among my circle of friends - mainly splurge to have holiday outside of Malaysia and using a big portion of the retirement fund to fund their children's education oversea. The article is as follows:- Avoiding Personal Financial Crisis ANECDOTAL evidence seems to suggest that there are still many Malaysians, especially the young adults, who do not really practise sound financial management. Consider the cas...